to shop / chanel price increases

The luxury market has been exploding in recent years. Despite raising prices 1-2x an year, Louis Vuitton and Chanel has no trouble selling out of certain styles.
The timing was right when I got my Chanel classic medium flap bag in caviar black last summer. I was lucky because I didn’t have to pay retail :) (don’t ask how) and it was strategically planned before the hefty August price increase. I keep an eye on the Chanel price increases – not that I plan to purchase another Chanel bag in the near future – but I’m a numbers person.

Here’s a brief timeline of the price hike over the years. Research was done mostly on thefashionspot and TPF. I can’t imagine how much this bag was in 1992, when I first wanted it.